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what is the process to finding this question? A company borrows $60.000 by signing a $60,000,8%,6 year note that requires equal payments of $12.979 at

what is the process to finding this question?
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A company borrows $60.000 by signing a $60,000,8%,6 year note that requires equal payments of $12.979 at the end of each year. The first payment will record interest expense of $4,800 and will reduce principal by $ gank 1

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